Tagged With "Etria"

Ricoh gives more details on new division In May of 2023, Ricoh and Toshiba announced new joint venture which would make printers and MFPs for both brands The division will now be named “Etria Co. Ltd.” and manufacturing plant will be located in Yokomaam-shi, Kanagawa, Japan Ricoh owns 85% controlling interest of Etria Etria will be run by Katsunori Nakata, who is also SVP and GM of Ricoh’s Office Printing Group

https://www.ricoh.com/release/2024/0206_1

ty for adding to this thread. 500 million yen work to $3.3 million dollars in capital stock

Ricoh CEO reports on future plans Akira Oyama, CEO, published progress report on “Improvement Project” Goal is to increase “Digital Services” revenue to 60% of total revenue Grow profit in office services Generate cash in maturing print hardware market to fund investment Reduce costs with venture with Toshiba named “ETRIA” Reduce spend on research & development from 107.7 billion yen in FY22 to 80 billion yen in FY25 Plan to withdraw from low profit businesses: 6 businesses are in final...

Toshiba TEC reports fiscal year end earnings Net sales of 548.1 billion yen ($3.67 billion) Operating profit down to 15.9 billion yen ($106.5 million) Reported loss of 6.7 billion yen ($44.9 million) Printer/MFP division had sales of 241.6 billion yen ($3.67 billion) Operating profit of 13.6 billion yen ($120.6 million) (hopes to boost profit when MFP manufacturing moves to Ricoh controlled ETRIA Corp.)

Ricoh to start making Toshiba copiers Ricoh announced it has invested $3 million to open its new division, ETRIA Co., Ltd. (stands for “eternal, try, innovation and alliance”) Will make MFPs for both Ricoh and Toshiba Toshiba Tec owns 15% of ETRIA Hoping to achieve “manufacturing efficiencies” While the new MFPs will have same engines, the cosmetics, controllers and LCD touchscreen user interface will have different look and feel, for Ricoh versus Toshiba New models will start shipping in...

interesting, at least it's not until early 2026. Still I think it's just a matter of time before Ricoh bites the bullet and purchases Toshiba Tec.